Eight Israeli Soldiers Wounded in Border Rocket Fire by Hezbollah

Ruthless Taxation And The Hyperstate: How Germany Profits From Crisis Submitted by Thomas Kolbe, The Hormuz crisis offers us a profound insight into the real power structures in Germany. Nothing seems able to convince the Berlin monolith to partially shield its citizens from the consequences at gas stations through tax cuts. It is now unavoidable that the Iran shock will translate into an inflation driver, working its way through economic value chains into consumer prices. These developments almost force a reduction of the tax burden on households and the middle class. It...

Hungary announced that it was ending diesel fuel shipments to Ukraine, and Slovakia said it could also cut energy shipments. Hungary and Slovakia are taking the step because Ukraine is blocking Russian oil shipments to the Eastern European nations. “Today we decided to suspend diesel fuel deliveries to Ukraine. Shipments will not resume until oil […]

US Jobs Jump 115K, Smashing Estimates; Umemployment Rate Unchanged At 4.3% In his preview of today's NFP report, Goldman's Delta One head wrote that "NFP almost feels like a sideshow at this point. You can argue weak labor data gives a Warsh led Fed enough cover to cut, but with oil and input inflation still elevated there’s also an argument that a weakening labor market alongside a constrained Fed is actually the more difficult combination for risk assets." With that in mind, moments ago the BLS reported that in April the...